- Thackray January Newsletter: further “Melt-up” ahead of us? January 10, 2018 - Jeremy Grantham, a very well respected analyst in the fi nancial industry (known for his conservatism), just released a report that states the stock market may be in for a melt-up over the next six-months to two years (report here). I encourage you to read the report as it is well written. Although it is a “personal view” as Grantham Continue Reading
- Between Unimpressive & somewhat negative (Perspectives – January 2018) January 8, 2018 - Between Unimpressive & somewhat negative (David Lafferty, Chief Market Strategist, Natixis) – With that as backdrop in terms of outlook for bonds, the question is: Have we seen the full effect of the great rotation? Are 2017’s generally stellar returns all attributable to rising profits and the beneficial effects of a synchronized and strengthening global economy? Or – is there Continue Reading
- Koesterich – why continued calm for stocks depends on credit markets January 5, 2018 - Can markets repeat the outstanding performance of 2017? Russ discusses why credit market conditions are likely to provide the key clues. Calm. Still. Halcyon. Serene. Placid. These are just a few of the adjectives that will invariably be used to describe last year’s stock market. In this case however, numbers, two in particular, illustrate better than words. According to Goldman Continue Reading
- Bitcoin: I’ll give you Volatility (TWTW – Dec 18-22, 2017) December 28, 2017 - Bitcoin: I’ll give you Volatility – Remember how, until Bitcoin started grabbing all the headlines a few months ago, it was all “Trump tweeted this …”, “Trump tweeted that…”?At the time, Bitcoin short-circuiting the Prez’s endless stream of Tweets was welcome … Now … not so sure anymore… To top it all off, Bitcoin ETFs are in the cards… Really? Oh Continue Reading
- Boivin – the real story behind low interest rates December 21, 2017 - A critical factor driving low interest rates is often overlooked. Jean explains. The outlook for historically low interest rates is a top issue for investors. Low rates stem from tepid potential growth and central bank success in achieving predictable, stable inflation. Yet another critical factor is often overlooked in explanations of low interest rates: a structural rise in risk aversion Continue Reading
- Rationale Exuberance (TWTW – Dec 11-15, 2017) December 18, 2017 - Rationale Exuberance – David Kostin, Chief U.S. Equity strategist at Goldman Sachs, describing the stock market recently, in a tongue in cheek reference to the famous Alan Greenspan 1996 warning against Irrational Exuberance … The fact that the bullmarket we’re in has repeatedly been described as the most hated in history has kept animal spirits – at least that is Continue Reading
- Albrecht – Gold behaving well … December 15, 2017 - Hans Albrecht takes note of the fact that Gold is behaving well of late, expectations of US rates hike in 2018 notwithstanding.
He then goes on to briefly touch on Bitcoin ... If bitcoin can go parabolic as it has ... Could gold be looking at better days ahead?
(Maybe it already would have were it not for the cryptocurrency craze :( )
- Davis – Robots will built better jobs December 15, 2017 - Computers, artificial intelligence programs, and robots are doing more and more of the work that used to be done by humans. Data from the U.S. Bureau of Economic Analysis show that the amount of technology used per unit of production doubled between 2001 and 2015. There’s no reason to believe this trend will slow any time soon. What does that Continue Reading
- Turnill – 3 key investing themes to know for 2018 December 15, 2017 - We see three key investing themes shaping economies and markets in 2018. Richard explains. The Federal Reserve’s (Fed’s) rate increase this week was widely expected, and focus is now on what’s next for 2018. We see the central bank delivering its projected three 0.25% rate increases in 2018—and pressing ahead with shrinking its balance sheet. A fourth rate hike could Continue Reading
- Thackray’s December Newsletter: January 2018 – Musical Chairs in terms of Sectors exposure? December 13, 2017 - What sectors of the stock market are set to outperform
in January? Although there are some sectors of the stock
market that tend to outperform in January, it is generally
a month of sector rotation.